CMF, previously a budget sub-brand under Nothing, is set to become an independent smartphone company based in India. The company plans to design and sell 100 million smartphones globally each year. This move will see CMF largely owned by Indian investors and headquartered in the country. Nothing will support CMF with its engineering expertise and supply chain connections, aiming to establish a significant Indian presence in the global consumer electronics market. For more details, refer to the full article on Economic Times.
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